lump sum

noun

1. a relatively large sum of money, paid at one time, esp in cash

Example Sentences

Moore briefly retired before taking over as chief, earning a a lump sum retirement payment of $1.27 million from the city.

From Los Angeles Times

Anyone who dies before the age of 75 can usually pass on what is left of their pension savings tax-free as a lump sum, or an income.

From BBC

As interest rates were very low between 2009 and 2021 the assumption was that investment returns would also be low meaning that the size of lump sum payouts needed to be higher.

From BBC

Now as interest rates have moved higher the assumption is that claimants will get an equivalent level of benefit from a lower lump sum.

From BBC

Aslef is seeking a pay agreement with London Underground, which has offered a 3.8% pay rise and a variable lump sum.

From BBC